June 28, 2021 Nyasa Times Reporter 6 Comments
Malawi President Lazarus Chakwera’s order that priority in the awarding of contracts must be given to indigenous businesses is being ignored as most contracts are awarded to foreigners and this is being influenced by top government officials, Nyasa Times has established.
Paramount Holdings, one of government’s ‘sweetheart’ contractor, is facing a fight with indigenous firms, which are accusing the company of snatching away public contracts through backdoor dealings with undue influence from some top officials officials in the Tonse Alliance Government.
Paramount Holdings, owned by an Asian, Prakash Ghedia, is among few foreign-owned companies that has been so lucky to be awarded several contracts across sectors; from construction to supply of all sorts of goods and services.